Cerium Compounds Price in Turkey - 2023
Contents:
- Cerium Compounds Price in Turkey (CIF) - 2022
- Cerium Compounds Price in Turkey (FOB) - 2022
- Cerium Compounds Imports in Turkey
- Cerium Compounds Exports in Turkey
Cerium Compounds Price in Turkey (CIF) - 2022
The average cerium compounds import price stood at $4,162 per ton in 2022, with an increase of 8.5% against the previous year. Over the period under review, the import price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 26%. The import price peaked at $21,158 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($9,571 per ton), while the price for Singapore ($2,319 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+3.6%).
Cerium Compounds Price in Turkey (FOB) - 2022
In 2022, the average cerium compounds export price amounted to $6,146 per ton, with an increase of 162% against the previous year. Over the period under review, the export price, however, showed a abrupt contraction. The export price peaked at $15,923 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($45,737 per ton), while the average price for exports to Bulgaria ($2,242 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+391.0%), while the prices for the other major destinations experienced mixed trend patterns.
Cerium Compounds Imports in Turkey
In 2022, after three years of growth, there was significant decline in purchases abroad of cerium compoundses, when their volume decreased by -5.7% to 344 tons. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 56%. As a result, imports reached the peak of 365 tons, and then reduced in the following year.
In value terms, cerium compounds imports expanded modestly to $1.4M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.4% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 54% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Cerium Compounds in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 297 | 574 | 874 | 650 | 29.8% |
| Austria | 210 | 158 | 368 | 543 | 37.3% |
| Singapore | N/A | N/A | N/A | 55.7 | 0% |
| India | 268 | 17.0 | 1.7 | 0.2 | -90.9% |
| Others | 103 | 163 | 157 | 184 | 21.3% |
| Total | 877 | 912 | 1,401 | 1,433 | 17.8% |
Top Suppliers of Cerium Compounds to Turkey in 2022:
- India (undefined tons)
- China (261.4 tons)
- Austria (56.7 tons)
- Singapore (24.0 tons)
Cerium Compounds Exports in Turkey
After three years of growth, shipments abroad of cerium compoundses decreased by -41.7% to 28 tons in 2022. In general, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 29% against the previous year. As a result, the exports reached the peak of 48 tons, and then reduced sharply in the following year.
In value terms, cerium compounds exports skyrocketed to $171K in 2022. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 55%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Cerium Compounds in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | 5.7 | 27.3 | 110 | 339.3% |
| Bulgaria | 45.8 | 50.0 | 64.3 | 39.3 | -5.0% |
| Egypt | 24.4 | 16.6 | 17.4 | 19.2 | -7.7% |
| Others | 6.2 | 0.4 | 3.4 | 3.2 | -19.8% |
| Total | 76.4 | 72.7 | 112 | 171 | 30.8% |
Top Export Markets for Cerium Compounds from Turkey in 2022:
- Bulgaria (17.5 tons)
- Egypt (7.8 tons)
- Russia (2.4 tons)
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